9.5 index units fell in March, down to 43.2 from downgraded 52.7 in February, figures from Swedbank and Silf show.
- We may not have really seen this fall in February, which was a bit surprising. Now it was in the direction of danger. Sweden is exposed in the sense that we are very export-dependent and when the economic downturn in Western Europe and the US, it is very important export markets that hit Sweden, says Jörgen Kennemar, who is responsible for the analysis of the purchasing manager's index at Swedbank.
Briefly, the purchasing manager's index can be described as an important economic indicator, where about 200 purchasing managers at companies are asked monthly about the state of the industry.
The answers then form the basis of the indicator presented. An index number above 50 usually indicates growth in the economy.
However, this is not a normal situation.
Worrying location- Of course, this is a worrying and serious signal for the labor market. If the industry loses as much as it does, it will have consequences for the economy. For ordinary people, it is a time of worry and that one has to review their finances and insurance solutions like A-cash. ”Says Kennemar.
When the figures are broken down, one sees above all a strong - and natural - fall in order intake, 20.3 index units were also the largest monthly decline to date in history. Jörgen Kennemar considers the change to be "exceptionally powerful".
Delivery times are also at the highest level since 2018, which indicates supply problems.
The big question, of course, is how soon can a turnaround occur when the effects of the coronapandemic begin to slow down?
Earlier this week, China presented its purchasing head index for the industry, which saw a rise from 35.7 to 52 in March, above the economists' expectations.